NK Verma takes over as OVL MD

Narendra K Verma has taken charge at ONGC Videsh as its Managing Director. Verma has been Director (Exploration) of ONGC since April 2013.

Prior to joining the Board of Directors of ONGC, he was the Director (Exploration) for ONGC Videsh Limited. At OVL, Verma was responsible for the growth strategy and business development at OVL with several high value acquisitions in last one year.

He joined ONGC in 1980 and has been associated extensively with exploration and development related activities in a number of Indian and foreign basins. As an exploration geologist he has conceptualized exploration projects in a wide variety of basins including deep waters resulting in reserve accretion and evaluation of hydrocarbon potential.

Presently, he is also the Chairman of OTBL a joint venture company of ONGC and TERI which is in the business of bio-remediation. He has also been recently elected as Vice Chair & Member of Expert Group on Reseneral Reserves and Resources 2009 (UNFC-2009).

Verma obtained his M.Sc. in Applied Geology from Lucknow University and an M.Tech degree in Petroleum Exploration from Indian School of Mines, Dhanbad in 1986 and also holds a Masters in Business Administration in Finance. He has published more than 20 technical papers and over 40 technical reports.